ADT Building OM

THE PARK AT BROKEN SOUND DEVELOPMENTS Since the “Planned Mobility” land use category was introduced to The Park at Broken Sound in 2012, which increased flexibility as well as density, developers have sought out opportunities to submit plans for residential and vis-a-vis the LIRP base zoning classification mixed-use projects. This monumental change to the land use has led to 2,120 apartments or condos currently under construction or in the pipeline for The Park at Broken Sound. The evolution of TPABS, formerly recognized as “the Grande Dame” of commercial parks when it was called Arvida Park of Commerce, is creating a large wave of development and redevelopment activity. The following table (below) presents the projects that are currently underway, approved or seeking approvals within The Park at Broken Sound. In addition, there is a ±65,000 SF shopping center under construction along the east side of Military Trail, which will be anchored by a 20,000 SF Fresh Market. The tenant mix will be food-centric to cater to the wealthy demographic that seeks high-end dining options. Confirmed tenants include: Chipotle, Habit Burger, Raw Juice, Burton’s Grill, Phenomenon Ice Cream and Rappy’s Deli. The center, named Park Place, will open later in 2016 and will provide an immediate boost to the already impressive amenity base serving this area.

DEVELOPMENT Altis Boca Raton 5500 Broken Sound

UNITS

NOTES

398 U/C

180 Would rase 2 existing commerical buildings 90 12 3-Story TH buildings 370 U/C - Starting leasing in Aug 2016 300 8-story building with 5-story garage

950 Broken Sound

Residences at Broken Sound

5201 Residential

Lofts at Boca Colonnade 322 8-story building with 7-story garage Park at Broken Sound Apartments 282 U/C - Five 4-to7-story buildings with 10,500 SF retail Florida Crystals Residential 178 8-story building adjacent to existing 4-story office Total Residential 2,120

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